Bitcoin, China, NSA, & the Beast



There were some interesting comments about Bitcoin in the news from Ron Paul and China:

December 5, 2013

China on Thursday declared that it doesn’t consider the virtual currency bitcoin a real currency and warned that it could be used for speculation and money laundering, even as it said individuals could still buy and sell it…

Regulators also said online bitcoin exchanges will be required to file trading records and to take measures to prevent money-laundering risks associated with the virtual currency…

The fact that Chinese authorities have offered a concrete stance on the currency opens the door for further regulation. The statement “provides a starting point for which a legal framework for bitcoin can be built,” said Peter Ng, a 33-year old investment banker who says he began buying bitcoins two years ago.

Officials in other countries have also been monitoring developments in the bitcoin market.

December 5, 2013

BEIJING (AP) – Bitcoins suffered a new setback after China’s central bank said Thursday its banks and payment systems are barred from handling the virtual currency.

December 4, 2013

Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today’s money worth less tomorrow.

The digital currency Bitcoin promises all these things. And while it’s far from achieving any of them — its value is unstable and it’s rarely used — some have high hopes.

“There will be alternatives to the dollar, and this might be one of them,” said former U.S. congressman Ron Paul. If people start using bitcoins en masse, “it’ll go down in history as the destroyer of the dollar,” Paul added.

There is no way governments will intentionally allow a system that gets around all of their financial espionage. China is starting to publicly state that, and the government of USA has also began to try to figure out how to handle Bitcoin (Congress has held one or more hearings).  That being said, since China wants to eliminate the US dollar as the world’s reserve currency, despite is announcement today, it may continue to make some accommodations for Bitcoin and/or anything else that could reduce US dollar trade.

Related to financial controls, there are some who believe that Bitcoin will become fully regulated/taken over to the point that it will be associated with the ‘mark of the beast.’  Here is one such comment:

If I’m allowed to get Biblical…”Rich man or poor man, free or bond, will not be allowed to buy or sell unless he accepts the mark of the beast.”

Bitcoin is a very smooth end run to achieve that objective.

Here is another related item:

MARK OF THE BEAST WATCH! Canada to get world’s first Bitcoin ATM…

The ATMs will use palm scans to identify users and enforce the limit, which is also designed to prevent problems with anti-money-laundering laws.

The “mark of the beast” scripture is from the Book of Revelation which makes the following statements concerning the financial controls of the coming Beast power:

16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.  (Revelation 13:16-18)

The Bible is clear that the time is coming when the Beast power will have implemented some type of strong financial control.  Thus, it is not likely that Ron Paul’s hope of being able to buy and sell privately with something like Bitcoin will last.  The Beast power will not allow it, and it is likely that the USA government will take more steps to try to either stop it or at least secretly spy on it.

As far as what Bitcoin is, here are comments from what Bitcoin’s website says about it:

Bitcoin is an innovative payment network and a new kind of money.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

FWIW, I have never had or traded in Bitcoins or other alternatives like that.

As far as government surveillance goes, the following was in the news today about NSA:

December 5, 2013

The NSA collects nearly 5 billion records a day on the locations of cell phones overseas to create a huge database that stores information from hundreds of millions of devices, including those belonging to some Americans abroad, the Washington Post reported Wednesday.

Documents provided to the Post by NSA leaker Edward Snowden detail how this database is able to track people worldwide and map out their relationships with others…

The database and projects designed to analyze it have created a mass surveillance tool for the NSA, allowing it to monitor individuals in a way never seen before.

NSA analysts can look at the data and track an individual’s movements throughout the world. They can then map out the person’s relationships with others and expose previously unknown correspondence.

The Snowden leaks show how determined that the USA is to spy.  The coming European Beast power will likely learn lessons from all of this (see The Snowden Leaks are Leading to the Destruction of the USA also watch Will USA Spying Help the Beast Power? ).

Related to Bitcoin, the former Chairman of the Federal Reserve had this to say yesterday:

Former Federal Reserve Chairman Alan Greenspan said Bitcoin prices are unsustainably high after surging 89-fold in a year and that the virtual money isn’t currency.

“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”

While that may very well be, the reality is that the USA continues to take steps to devalue its currency and ultimately the USA dollar will be worthless. Between federal deficit spending and borrowing, the improper dilution of currency through the Federal Reserves’ quantitative easing programs (essentially a ‘legal’ form of ‘counterfeiting’ on a massive scale of US$85 billion per month), and future debts that will be required related to the so-called Affordable Care Act (called Obamacare), presuming that it is not cancelled, the future of the USA dollar is not good.  The USA dollar, itself, is in a bubble and when certain events occur, much of the world will realize it and the USA dollar will be worthless–and according to Bible prophecy (Habakkuk 2:6-8), the USA itself will cease to exist.

Notice also something I wrote earlier in one of my books:

The debt situation of the USA is putting it at risk of being unable to recover should it be hit by weather problems, terrorist acts, war, riots, solar flares, severe earthquakes, civil unrest, devastation of their genetically-modified food supplies, food shortages, and/or various pestilences–an intensity of “sorrows” such as Jesus discussed in Matthew 24:4-8 leading up to the time of the Great Tribulation.   Disasters, especially if there is an ElectroMagnetic Pulse (emp) attack or a severe solar flare storm, could be part of a so-called “perfect storm” of events that could set the USA for destruction…

It seems since many are now questioning the role of the U.S. dollar as the world’s reserve currency, more are looking into other currencies as well as gold. Gold will set records in U.S. dollar terms. When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer. The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies.

Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe (and will happen, to a degree, before that King arises).

The financial policies of the Obama Administration (which are a massive acceleration of the previous policies of the Bush Administration) are heading the world into the direction that something other than the U.S. dollar will be valued as its reserve currency. (Thiel B. Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term. Nazarene Books, 2013, pp. 70, 132-133)

The time is coming that the USA dollar will be worthless. And yes, the Bible tells that for a time gold will be worthless, but that does not happen until years after the demise of the US dollar. But placing too much confidence in gold, currencies, or alternatives like Bitcoin will not truly save anyone (cf. 1 Peter 1:7). Yet, true repentance and turning to the Jesus of the Bible can.

Although the USA is not likely to repent to prevent this nationally, nor can Bitcoing prevent it, personally you can repent as well as physically take steps before the dollar-based economic systems collapses.

Some items of possibly related interest may include:

Jesus: The Son of God and Saviour Who was Jesus? Why did He come to earth? What message did He bring? Is there evidence outside the Bible that He existed? Here is a YouTube sermon titled Jesus: Son of God and Saviour.
Just What Do You Mean — Repentance?
Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
There is a Place of Safety for the Philadelphians. Why it May Be Petra This article discusses a biblical ‘place of safety’ and includes quotes from the Bible and Herbert W. Armstrong on this subject–thus, there is a biblically supported alternative to the rapture theory. There is also a video on the subject: Might Petra be the Place of Safety? Here is something related in the Spanish language: Hay un lugar de seguridad para los Filadelfinos. ¿Puede ser Petra?
Just What Do You Mean Conversion? Many think that they are converted Christians. But are they? Would you like to know more about conversion. Herbert W. Armstrong wrote this as a booklet on this important subject.
False Conversion Have you really been converted? Herbert W. Armstrong wrote this article on this important subject.
All About Water Baptism What is baptism? Would you like to know more about it. Herbert W. Armstrong wrote this as a booklet on this important subject. As far as early history, see also Baptism and the Early Church.
God’s Grace is For All Is being Jewish a hindrance to salvation? What about not being a descendant of Israel? What does the Bible really teach?
Will USA Spying Help the Beast Power? Various allegations have surfaced about the United States government spying on its own citizens as well as its supposed allies in the European Union. Whether or not all the espionage allegations are true, and the main ones have not been publicly denied by the government of the USA, the reality is that this does have prophetic ramifications and will help the Beast of Revelation. This video provides quotes from the Bible showing how this is so. The USA is placing itself in a position to be taken over and its response to the allegations will make it easier for the Europeans to do so.
The Snowden Leaks are Leading to the Destruction of the USA Can what happened with the leaks of what the NSA has done help the USA to be taken over? What does the Bible teach that seems to be related to this? Here is a related YouTube video titled Are the Snowden NSA leaks leading to the destruction of the USA?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? What MUST happen BEFORE the Great Tribulation?
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia?
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2021 or 20xx?
When Will the Great Tribulation Begin? 2013, 2014, or 2015? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2013 o 2014? ¿Es el Tiempo de los Gentiles? You can also see the English language video The Great Tribulation Will Not Begin Before 2017.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term
This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.

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